MUEL
I'm Pounding the Table on MUEL
Yes you have seen me about this one before. But I think it needs to be talked about heavier and I have been quiet then again I've been quietly buying more and more shares. I expect earnings to be in the coming week and I expect them to be fantastic ($2-3 range for q4).
A stainless Steel Manufacturer
1) It reminds me a bit of DIT several years back, in the sense, that the balance sheet started off weak but is slowly improving, due to monster earning each quarter. As did the valuation, I wouldn't be surprised if this gets a 8-10 PE when this is all done.
2) MUEL Earned $2.03, proving $2.60 Last quarter was no fluke and higher margins appear to be sticking.
3) A major reason to like MUEL, is the huge sequential rise in the backlog that makes me believe even better quarters are ahead.
4) They have a very easy comp q4, I expect to see annual eps in the $8-9 range for fy 2013, so it is dirt cheap.
Conclusion: the slight negative is the cfo leaving, but it was explained well in the pr, so I'm not too worried. I think there is a chance this stock can double. so I'm pounding the table on muel, hopefully I'm not as dumb as one for pounding the table on the cheapest stock not named AYSI, but management here has a much better track record in my opinion, although I do own both. All is just my opinion, and I could always be wrong though.
